Gift card resale rates have been creeping up toward yearly highs. This isn’t unexpected, Q4 is traditionally the best time of year for rates in the same way that it’s the best time of year to sell tinsel and foam Santa-esque figurines. Here’s what I’ve seen this week:
- BestBuy gift card rates crept up to 98.75% yesterday. If you combine these with grocery store reward you’re looking at a decent profit even without your credit card spend factored in.
- Apple gift card rates hit 94.5%. With the new MacBook M1-Pro announcement I expect there’s still room for growth here so start scouting potential buying spots. With Kroger in particular and the 4x promotion that ended yesterday, these rates made Apple gift card reselling rather profitable without considering credit card rewards.
- Kroger Fuel Point resale rates have crept above $16/1,000 points. Honestly I’ve never seen them this high, and unfortunately I don’t expect it to last. A few back to back 4x general promotions tend to kill high rates, and a couple of those will probably come soon.
- Home Depot gift card resale rates went to 94.5%. Yesterday’s Kroger 4x promotion could also work with these via Happy cards.
Other gift card brands have followed this trend. The only real exceptions I’ve noted are Gap and Express, which seem to have a flooded supply left over from the summer.
It’s time to dust off your gift card reselling skills and reach out for new buyers. There’s a lot of capacity waiting to be filled out there.